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“As such, we recommend that, as a matter of priority, the Government sets up a multi-disciplinary project to formulate and put in place a bespoke statutory legal framework that better and more clearly facilitates the entering into, operation and enforcement” of certain crypto collateral arrangements, the commission said. Source
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A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi) protocol Arcade. The transaction was the first on-chain loan backed by a FTX claim, according to the bankruptcy claims platform Found.The claim worth $31,307 was tokenized and its ownership represented
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The trading parties collected the collateral at the start of the transaction and locked the same in an account at an independent custodian, which was controlled by all three parties to mitigate the counterparty risk stemming from the absence of a clearing house. All exchange-traded derivatives and most over-the-counter derivatives
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Forecasting the future of a cryptocurrency can take a lot of work. Many experienced investors have a hard time deciding what to diversify with. However, Google Bard has changed how many investors look at predictions. It
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Sources said that Binance is working on a setup that will allow them to keep bank deposits as collateral for margin trading in spot and derivatives. The latest report from Bloomberg shows that the crypto exchange Binance is exploring a new solution to reduce counterparty risks while allowing some of the
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Cryptocurrency exchange Binance is reportedly exploring a potential solution to reduce counterparty risk by allowing some of its institutional clients to keep their trading collateral at a bank instead of on the crypto platform, according to Bloomberg. Binance is discussing a proposal to let some customers keep their collateral for margin
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press release PRESS RELEASE. Victoria, Seychelles, April 26th, 2023 — Bitget, top crypto derivatives and copy trading platform, has announced the addition of Liquid Staking Derivatives (LSDs) as a margin option for Bitget Coin-margined Futures, making it the first centralized exchange to provide such products on the market. This new
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Altcoins can be daunting for a beginner investor. It is especially considering that the crypto market is currently saturated with many projects, many of which are potential scams. The need arises to carefully review projects before investing in quality platforms. This can increase the odds of growing profits and diversifying
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Following the iniquitous events of last year, many players see regulation accelerating and the digital asset value chain requiring segregation. In effect, this means custodians should stick to custody and an exchange shouldn’t be a custodian or a prime broker or a broker dealer, according to Komainu’s head of strategy,
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MakerDAO, the decentralized autonomous organization (DAO) that governs the DAI stablecoin, has voted overwhelmingly to keep USD Coin (USDC) as the primary collateral for DAI. An alternative proposal to “diversify” collateral into Gemini U.S. Dollar (GUSD) and U.S. Dollar Paxos (USDP) has been rejected in a 20% to 79% vote,
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